Most businesses are built so that they can eventually dole out rewards to their hard-working owners on exit. Whether the intention is to sell the company, offer it as an inheritance or wean it into a self-supporting profit-making machine, the ultimate goal for many business owners is to be free from day to day operations and get sufficient return on their investment of time, effort and money. That is why exit strategy is as important as building the business itself.
Some analysts believe that it was Marc Zuckerberg’s lack of exit strategy that turned Facebook into a public company which eventually lost them millions of dollars. Without a well articulated exit strategy, the business was overtaken by legal defaults that could have been avoided otherwise.
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